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After opening on an anxious observe, Wall Street found its footing when the National Association of Purchasing Management launched its index of manufacturing exercise. Wall Street took a beating Wednesday after a pair of blue-chip heavyweights, Boeing and Sears, warned of decrease earnings on the horizon. While this isn't information to anybody who has watched Amazon spill pink ink for years, it got here as one thing of a wake-up name to investors, who promptly pitched the corporate's stock 12 percent decrease to 0.94. EarthLink (ELNK) shed $4.Thirteen to $61.88, and Spyglass (SPYG) was forty four cents lower at $24.06. Not coincidentally, Amazon (AMZN) slid .94 to 9.56, Excite (XCIT) declined .63 to .38, and RealNetworks (RNWK) was down 81 cents at .94. Analysts had been searching for earnings of 57 cents. How then are we to clarify retailer Delia's (DLIA) surging .75, or 46 p.c, to after opening Web retailers devoted to teen togs and house furnishings? Boeing's inventory fell US$7.19, or 18 p.c, to $33.19. America Online (AOL) fell $1.69 to $88.19, and Yahoo (YHOO) was down $9.19 at $197.06.

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